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Newspaper
Miniota Herald
Location
Miniota, Manitoba, Canada
Date
Oct 07, 1976
Page
3
A year into Canada’s anti inflation plan, consumer price inflation fell from 10.6 percent to 6.2 percent by August 1976. Unavoidable energy and municipal tax hikes may affect the rate, but the 8 percent ceiling is expected to be met. Wage and income growth remains restrained, with prices rising slower than wages on average, boosting purchasing power.
The government outlines a second year of anti inflation measures to reach a 6 percent cap. It trims price and profit rules, adds investment credits, and limits wage increases to 6 percent plus 2 percent tied to productivity. It stresses shared sacrifice, spending restraint, and aims to protect real income, jobs, and growth until 1978 end.
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